While February saw a host of companies slashing headcounts, the trend could continue as the market tightens. On Bloomberg West with Emily Chang, Khosla Ventures partner Keith Rabois said companies have too many employees for their own good.

"I think maybe technology companies have over-hired over the last four years," Rabois told Bloomberg. "I think the average technology company is between 25% and 50% bloated."

This isn't just a Silicon Valley startup problem. Companies around the country, big and small, are pulling back. Here's a recap from DataFox that shows which companies lost employees: